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Seago Line points to new reality in short sea

The intra-European market has changed significantly in 2015, says Michael Hansen, who in May took over as CEO of Seago Line. "The 2015 market is characterized by the fact that nobody can figure it out," he says in an interview with ShippingWatch.

Photo: Seago Line

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Maersk Line installed a "sleeping partner" in Tunisia

Maersk Line has had a "sleeping partner" in Tunisia, although authorities require foreign companies to partner with domestic players in an active, local co-ownership. Now, Maersk Line has had to establish a new joint venture taking over the role of Maersk Tunisie.

Meldgaard: Crude tankers cannibalizing product market

The downturn for crude oil tankers, where rates are extraordinarily low, has become a major problem for the product tanker operators. Torm Executive Director Jacob Meldgaard expects that the pressure from the supertankers could continue for a while yet, he tells ShippingWatch.

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